Summary of key points • UK Court approval just has been announced of the UK’s first Deferred Prosecution Agreement (DPA) for failure to prevent bribery under the UK Bribery Act. • The case involved bribery of officials in Tanzania under an agreement entered into by the local subsidiary of Standard
Read MoreA whistle-blower, whose identity was not disclosed, has been awarded over US$30M by the SEC, despite being neither a citizen nor a resident of the US. The award was for voluntarily providing information that led to a successful prosecution by the SEC for breaches of US securities law. The award
Read MoreIt is not difficult to imagine that the UK Serious Fraud Office looks with some envy at its counter-parts in the US, the Department of Justice and SEC. In 2013, the DOJ collected $3.8bn in fines and settlements from corporates for breaches of the FCPA and related legislation. It expects
Read MoreAt the recent Global Compliance Forum sponsored jointly by iGlobal Law and Roetzel the following key high level points were made by speakers from the FBI, the City of London Police, the Competition and Markets Authority and a global medical device business : Anti-Bribery – update from the FBI and
Read MoreThe US remains, by some margin, the world’s most vigorous enforcer of anti-bribery rules. However, there are signs of growing enforcement activity in other parts of the world. While the trend lines do not yet prove an established global commitment to anti-bribery enforcement, attitudes appear to be moving slowly in
Read More